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Detail of GEF Project #3771

GEF Project ID3771
IBRD PO ID114119
Funding SourceGEF Trust Fund
Project NameChiller Energy Efficiency Project
CountryPhilippines
RegionAsia and the Pacific
Focal AreaClimate Change
Operational Program5
PIF Approval Date2008-09-17
Approval Date2008-11-13
CEO Endorsement Date2010-05-10
Project StatusUnder Implementation
Executing AgencyDevelopment Bank of the Philippines,/Land Bank of the Philippines, Chiller Owners
DescriptionThe project will provide asssistance to stimulate accelerated conversion of CFC-based, and other energy inefficient chillers to new and more energy efficient technology through the provision of financial incentives and a robust policy framework thereby addressing well-documented techno-economic barriers and overcoming market barriers to improved energy efficiency. National capacity for carbon finance intermediation will be built through the project to enable a permanent transformation of the chiller market. The breadth of transformation and the sustainability of project outcomes will be augmented with carbon finance revenues.
GEF Project Grant
2,600,000 USD
GEF Grant
2,600,000 USD
Cofinancing Total
51,270,200 USD
Project Cost
53,870,200 USD
GEF Agency Fees
260,000 USD
GEF Project (CEO Endo.)
2,600,000 USD
Cofinancing Total (CEO Endo.)
45,300,400 USD
Project Cost (CEO Endo.)
47,900,400 USD
GEF Agency Fees (CEO Endo.)
260,000 USD
Project Documents

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